de Bondt, Gabe; Mojon, Benoît; Valla, Natacha - European Central Bank - 2005
sluggishness of retail bank interest rates. We also show that in the cases where we cannot reject that the adjustment of retail …This paper analyses the pricing of bank loans and deposits in euro area countries. We show that retail bank interest … rates adjust not only to changes in short term interest rates but also to long-term interest rates. This result, which is …